News

News by State

Exelon joins MIT initiative to develop clean-energy technology

Exelon Corp. said late last week that it is joining the MIT Energy Initiative (MITEI) as a member company.

The company will be supporting MITEI’s Low-Carbon Energy Centers, which are focused on engaging with stakeholders, companies and governmental organizations to facilitate the development of clean energy technology and to pursue goals set by the recent international conference on climate change in Paris.

“By collaborating with world-renowned research university MIT, Exelon is taking a leadership role in creating a clean energy future,” Exelon President and CEO Chris Crane said. “We know the energy system of the future will need new technologies such as energy storage, smarter grids, advanced nuclear generation, solar energy and more. Together, with the MIT Energy Initiative, we will actively identify and develop the most promising innovations in our sector, as the centers bring together a perfect trifecta of academia, government agencies and private organizations to tackle long-term challenges in reducing our carbon footprint and evolving our energy system.”

MITEI Director Robert Armstrong said Exelon has demonstrated its commitment to low-carbon and zero-carbon technological advances in a way that is financially feasible.

“By joining the MIT Energy Initiative to support research through the Centers, Exelon demonstrates a strong commitment to advancing the affordability, scalability, and rapid deployment of low- and zero-carbon energy technologies," Armstrong said.

There are currently eight energy centers associated with MITEI, each researching and developing solutions in a specific area: energy storage, solar energy, materials for energy and extreme environments, carbon capture, utilization and storage, nuclear fission, energy bioscience and electric power systems.